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Gold
December 23rd, 2025 - 09:37 GMT
Al Bawaba Staff

Al Bawaba Staff

Gold prices hit record high due to US-Venezuela tensions

ALBAWABA - Gold prices reached a record high of $4,426.66 per ounce on Tuesday, amid heightened geopolitical and financial tensions, including the US's attempts to seize Venezuelan oil tankers. The BBC reported that the price of the metal increased after news that the US central bank will cut interest rates in 2026. Additionally, silver prices also jumped after hitting an all-time high of $69.44 yesterday. Gold prices hit record high ...
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World Bank chief Jim Yong Kim has warned that the US was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling.
October 13th, 2013 - 09:40 GMT

'Global growth subdued' and 'US headed towards to danger', says IMF, World Bank

In April 2013, Jordan received the second tranche of the loan to finance projects under the programme, at a total of $385 million
October 13th, 2013 - 09:40 GMT

Two 'Eids' in one? IMF to dispense third tranche of its loan to Jordan

The meeting saw discussions on the international and regional maritime sector, as well as ways to strengthen maritime cooperation and integration between the two sides (Pictured: the Suez Canal).
October 12th, 2013 - 02:33 GMT

Revealed: the Suez Canal's new development partner

On completion, the park will comprise a research and development centre, an educational institute, a museum of technology, exhibitions to help students in training.
October 10th, 2013 - 12:19 GMT

Dubai's first solar park to be launched in less than two weeks!

The Galaxy Round’s 5.7-inch display has a slight horizontal curve and weighs less than the Galaxy Note 3 (Photo credit: AP)
October 10th, 2013 - 11:49 GMT

Samsung reveals its curves for first time ever

Western Asia has been the primary destination of UAE assistance for three consecutive years since 2009. Africa received more than 20 per cent of aid last year or Dh1.26 billion.
October 10th, 2013 - 10:57 GMT

UAE's goodwill translates to $1.5 billion in foreign aid

“If we hope even in long run, that with sanctions off, the economy would improve, we have been building castles in the air. Even if oil incomes enriched the country, still we will face damages inflicted by oil incomes,” he said.
October 9th, 2013 - 11:57 GMT

Think lifting sanctions off Iran would improve its economy? Think again!

The unrest that toppled two leaders in Egypt, removed Muammar Gaddafi from power in Libya and plunged Syria into civil war will lower cumulative economic output in the nations to just above $2 trillion from $2.9 trillion over the four years.
October 9th, 2013 - 11:38 GMT

HSBC puts a price tag on the Arab Spring

Hotels in Abu Dhabi, Dubai and Al Ain are looking to achieve from 95 to 100 per cent occupancy during this coming Eid
October 9th, 2013 - 10:07 GMT

UAE hotels anticipate high occupancy levels for Eid

During a meeting with a delegation of Yemeni businessmen at the Prime Ministry, Ensour stressed the importance that Jordan attaches to Yemen’s security and stability.
October 9th, 2013 - 08:15 GMT

Jordan interested in pursuing more economic ties with Yemen

Economic studies forecast that investing $1 billion in infrastructure projects will create around 110,000 jobs in oil importing countries.
October 9th, 2013 - 08:02 GMT

The three goals that ECSWA thinks the ME should prioritize

“We want to show that the BlackBerry brand is still successful and we will continue to maintain that… that shows how important the Middle East is for BlackBerry as a whole,” added Horton.
October 8th, 2013 - 02:29 GMT

Who knew? Blackberry 'doing fine' in the Middle East

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